Change - Announcement of Cessation::Cessation of Vice President, Commercial

Issuer & Securities

Issuer/ Manager
OTS HOLDINGS LIMITED
Securities
OTS HOLDINGS LIMITED - SGXE18096938 - OTS
Stapled Security
No

Announcement Details

Announcement Title
Change - Announcement of Cessation
Date &Time of Broadcast
16-Oct-2026 17:33:59
Status
New
Announcement Sub Title
Cessation of Vice President, Commercial
Announcement Reference
SG261016OTHRXK4Z
Submitted By (Co./ Ind. Name)
Ong Bee Chip
Designation
Managing Director
Description (Please provide a detailed description of the event in the box below)
Cessation of Mr Pang Seng Yuen as Vice President, Commercial.

This announcement has been reviewed by the Company's sponsor, SAC Capital Private Limited (the "Sponsor"). This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Bernard Lim (Telephone (65) 6232 3232) at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.

Additional Details

Name of person
Pang Seng Yuen
Age
65
Is effective date of cessation known?
Yes
If yes, please provide the date.
31/10/2026
Detailed reason(s) for cessation
Mr Pang Seng Yuen tendered his resignation due to his retirement.

The Sponsor, after having interviewed Mr Pang Seng Yuen, is satisfied that other than as disclosed in this announcement, there are no other material reasons for the cessation of Mr Pang Seng Yuen as the Vice President, Commercial.
Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting?
No
Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer?
No
Any other relevant information to be provided to shareholders of the listed issuer?
No
Date of appointment to current position
01/01/2025
Job title (e.g. Lead ID, AC Chairman, AC Member etc.)
Vice President, Commercial
Role and responsibilities
Executive. Overseeing local sales team/export and operations of the Philippines Subsidiary
Does the AC have a minimum of 3 members (taking into account this cessation)?
Yes
Number of independent directors currently resident in Singapore (taking into account this cessation)
3
Do independent directors make up at least one-third of the board (taking into account this cessation)?
Yes
Number of cessations of appointments specified in Mainboard Rule 704(7) or Catalist Rule 704(6) over the past 12 months
0
Shareholding interest in the listed issuer and its subsidiaries
Yes
Shareholding details
38,000 ordinary shares in OTS Holdings Limited
Familial relationship with any director and/or substantial shareholder of the listed issuer or of any of its principal subsidiaries
No
Other Directorships
Past (for the last 5 years)
Nil
Present
Nil